still have insurance the government basically provides insurance however and sets rates for things like m.r.i. and x. rays and things like that so you have to be pretty much have to be sixty five to get on to medicare some long term disabled are also put on to medicare quite early but the headline this week from the us government remember this is a body of people point to by trial and the republicans but medicare to go broke three years earlier than expected trustees say in twenty seventeen medicare covered fifty eight point four million people eighty five percent of them seniors at a cost of seven hundred ten point two billion dollars very poor also showed that medicare is total cost will grow from three point seven percent of g.d.p. in two thousand and seventeen to five point eight percent by two thousand and thirty eight so the year it's going to go bankrupt max yes twenty twenty six just when you qualify for this state run a fish and more efficient french like health care insurance policy that. i have

thought the devil you know i've been trying to stay one step ahead of the devil my whole life the american collapse that everyone a born after me unfortunately is going to be horribly. treated by the progressively surveillance. state and gulag casino the phrase that i used to go like this even this gentleman said that there's no new name for this rich new american poverty that's being invented i coined the phrase i called the casino gulag yes that's a new lies casinos right so they're going to take my medicare away from a just in time so all the money i paid into it all these years is going to go up in smoke it went to the military it went to don rumsfeld or to the twenty trillion dollars the pentagon lost under the rug somewhere they can't find it and so that's partly my money that they are using now to you know buy chateaus and so it's alone and have a great lifestyle in europe not in the. but all america and finally trump orders

immediate steps to boost coal nuclear power plants as a matter of national and economic security so president donald trump last week directed energy secretary rick perry to take immediate steps to bolster struggling coal fired a nuclear power plants to keep them open calling it a matter of national economic security so we've just said the basics of life and one of them of course you need energy you need heating or air conditioning or the lights on in your house and now because it costs more to provide electricity through coal or nuclear power then wind or solar or gas well now he's going to force us to take his buddy's coal provision well this is a great example of how capitalism should and should not be played right so in capitalism there's one of the losers now in this version of capitalism the winners are the legacy coal industry that are going to keep their jobs despite the fact that there is solar energy that would create millions of new jobs and transform america into a legacy away from fossil fuels but those are the losers so the innovators the

losers the new people who are going to jobs are losers the people who are now in student debt are losers the legacy of coal guys are the winners the legacy oriel guys are the winners the legacy old central bankers are the winners innovation youth dynamism the constitution the bill of rights these are the losers in this american this version of america i'm one we did for the collapse i look forward to the end of america i give it thirty six months and then we'll see something new and that's the way it works thank god. stating for the second half a lot more they want to keep killin.

eleven. please. please.

welcome back to the cause report i maxed out our time outing out to toronto espec with christian science day of christian welcome to the kaiser report yaks it's an honor to be here already christian equably it is described on your website as quote securities on the block chain what does that mean it's a hot topic if you watch the news these days it's all over the place except people called them security tokens and we figured we'd given that that's a group idea let's make it you know into a real blah chain so it would be that is the proof of work largely using the shari . i know you're familiar with and it essentially it's open source crypto securities protocol that allows anyone to issue or traders securities on the

block to write tokens put all kinds of stuff on a block. and a lot of people question how is that really necessary to do that cell in the case of black chinese well in your case in terms of dissenter mediating depositories and transfer agent so there's two major companies in the space as a doowop play aqua bit is now set to disrupt this multi hundred billion dollar business correct those correct are being we are going to your building and we actually launched a test net on june first a peer to peer crypto securities protocol so it is something that anyone can come and use and thereby decenter mediating as you just suggested some of the centralized layers that capture fees should be on every single little transactions we do and to the extent where some of those services can now be encoded into

a peer to peer protocol that's what that's what we're doing with it with the right to transfer agency bezos i know from my heirs working on wall street. how that works basically it's a back office function where pieces of paper you know securities and chairs are moved around the system and this is a very expensive way to do things and it's ripe to be distance or mediated aren't disrupted by block chain because block chain was to completely eliminate all the need for those enter mediation our intermediary steps and so they're up there in toronto and so you've got the task that they have launched and so as a test i'm going. you know we probably should have launched it before. now that we have some of our minor community working with us with the test net i mean there are troubleshooting and creating more. you know tools and containers and versions of the software and then we would be able to do with with

the with just like with that group you know employees so it's been it's been very very successful we're very excited about it and it's only a few days and already it's demonstrated so it's very cool so now what about the stock exchanges you know they're the ones who are the dealers daily and securities and they deal with these transfer agents and all these other back office functions so what this big product that you would go to an exchange with like toronto stock exchange for example would you go to them and say hey we can take off here and all this paperwork and put on the block cheney get all kinds of cost savings and time savings is that the market for this bill go i mean it is an open source for recalls so it's a technology that we haven't released the code yet because we're still only shish making sure that the quality is all there but you know when the call goes out you know this is this is a work protocol that can be used by anybody it could be

a group of course the commercial and its you will be going in and approaching other mercial. organizations to to help them understand and adopt the network and some of them will some of them want to we believe that those that will will put themselves in a significant for the better of positions so yes these existing marketplaces are there they also have to deal with all the trends for regions of the positive reviews and and so so to the extent where a a peer to peer protocol can help reduce the transaction costs to these exchanges definitely there will be some very very interesting developments in the future regarding rights so typical a and they talk and space as carved people come to market went out and send their star equity and those tokens but when you're talking about is that you're creating block chain to allow people who are actually

offering equity so these are companies that want to offer equity they are going to do international public offering like ways to do back in the day before they initial coin offerings into equity offerings and so they would go to an exchange and then the solution however is a block chain so this in this case the block chain is putting an end to the ledger all of that information that's then publicly available and it's transparent and huge cost savings so let's say i'm taking a company public i'm doing an i.p.o. going to kind of walk us through a little bit about i know where acrobat kind of fits in there absolutely and just to situate maybe the audience you know it could be that as a form of decorum so everything you know about bitcoin probably applies to equip it and and we're building with the capabilities on top of the code gets so with that said if someone is interested in issuing you know e shares for

a project or depth i mean it's in the security instrument there's the various options. and you come to the equipment block and first of all you're going to have to have every bits which is a crypto currency the block chain in other block chains i guess the parlance that's used there is utility token but it's a token that has tele t. and that it provides access to the services that are provided by the network so the equity bit cryptocurrency is is that forty eco bit network and once you have these record bits you can go to do peer to peer network and issue a security so you can say i promise x. y. z. right or this is a one out of one million shares of x. y. z. companies and you can define what your issuance is that is by the way at that moment the regulated activity right that governments want to know about and all

that issuance that that is regulated so so when you come into the network and you issue that is where you want to make sure that you've got you know your you understand your the regulations of your or your locale of where you're located but beyond that the network itself provides and you know the interface to document the issuance store the security. to a block chain on the peer to peer network like the corner of the you know falsified or easily you know i attacked and all the activities that follow you need to for you know to know who buys your securities you need to communicate with your shareholders you need to capture votes so there's a lot of of activities that are provided by the financial service industries beyond just you know storing the securities on paper today these these capabilities are

implemented in a peer to peer fashion using peer to peer communication protocols on the aggregate network so once you've issue. security there is a marketplace on the network obviously where others can come in and purchase or creed into the security. the neuer customer and in time money laundering and all these things are facilitated the with a passport system that we have which is essentially a web of trust where if i'm about to issue securities you have an accreditation organization and you know various investors and because of where i schumer's securities from i need to comply potentially with these regulations so i will all e i will mark my securities of the block chain so they can all be purchased by people who have been said by organizations like yourself who in the maybe or wherever does the equity taishan so the issuer and choose who has the ability to

a critique the who work there or the ambassador. and lay our brand serve solution to a very antiquated first down and that say you guys are riding the wave into this future of cryptocurrency is down let's talk about the token to southie a mansion it is a shot three unlike chateau it shot three which has the latest generation other than max coin there are very few coins that actually you shot three why did you decide to go with shots and what are the unique difficulties at the moment in mining shot three coins like over there acrobat and max climb the shoes of a hat the choice of the hash was was a big decision for us we have heard we have a few blog articles i believe about it go into details for people interested. in summary sharry was essentially the best we could find and this was not our

opinion we know we looked at the competition that was done by the. nys national institute of science and technology i believe. and when they did their competition for coming up essentially with a successor for short two fifty six everybody knows that at some point in the future we don't know when but computing power will be such a charge to fifty six will no longer be a secure hash you know for for full for work or using it for today there are safe you know who don't want to worry about forty fifty six right now it's still a very good hash crypto runs on it we love it but sharp three. and four for various reasons that were put to the test trained nist competition in charge three came out as leader. for example which is a hash used by i was one of the competitors to get shat which is the team that won

the sorry competition so our store so it's very i'm also has a pretty good hash but we believe shari is the best out there there are no all no no i believe basics that i'm aware of at least at this time so we have a very very healthy community of g.p.u. miners which we love it that goes with the spirit of the centralization we're working on mining calls we're working with various various other organizations that will provide protocols and technologies to help ensure that our networks is decentralized right so three is quantum computer resistant is the phrase if an industry you guys use it for there isn't you just outlined a max cohen is there because by the spark smart who designed the mask i put her in there at inception it was really a way of his time so when. there's one thing large they

tell us about that when you go to the main net we don't have an exact date for made there. we want to ensure quality on the test that obviously before we release the main bought. into it when we say we release i mean it's essentially releasing our genesis lock which includes some of the bits that was then using to finance our operation so the main launch will happen once we have delegated the security and the quality of the test that along with the community and more meant we'll be able to release the genesis lot and start mining on the real block. we suspect this should be in the next coming months so that's a matter of weeks and months not years but it's in the near future for sure for a fact precious asset thanks so much for being on the kaiser report pleasure to be

here are i was going to do it for this edition of the kaiser apart with a mask as our states air but i want to thank our gas christian sausage a bit up there in toronto if you'd like to get in touch with us that's kaiser report on twitter until i stop by. when a loved one is murder it's natural to seek the death penalty for the murderer i would prefer it be the death penalty just because i think that's a fair thing right thing research shows that for every nine executions one convict is found demolition the idea that we were executing innocent people was terrifying is just no. and that we were even many victims' families want the death penalty to be abolished the reason we have to keep the death penalty here is because that's what murder victims' families what that's going to give them peace that's going to

give them justice and we come and say. we've been through this this isn't there. palestine is getting international recognition with the help of israel at least in the world of zoos and minerals it was dismissive to do it long before you like you know. this isn't my cup of tea is going to saudi home maybe you know john without a doubt. the only palestinians is gets the most help from its jerusalem counterparts i don't think there's some of those who in the world under the oak bush didn't know when you could get it. and know if there's a life out there it's got to display any of the muscle that you have i don't think it'll be the in the doesn't seem to do more than the most awesome don't piss off.

people. making history with a hand shake the leaders of the u.s. and north korea for the first time just starting a joint agreement to leave the past behind we're very proud of what took place today. i think our whole relationship with north korea and the korean footage is it's going to be a very much different situation than it has in the bass more like coming up and how it's going to happen also ahead to just two days now and counting finishing touches being made for the fee for world cup kicking off here in russia and voice for if you know it was built i want to put an end to this human trafficking which puts thousands of lives at risk italy's new government makes good on campaign promises

closing a port to a vessel stricken migrants controversially. and up and coming concept. controversial muslim rapper in the theater in paris tragically know the deadly terrorist attack three years ago these people in the french capital still. good morning eleven am here in moscow to choose to the twelfth of june this is out international with me kevin owen first of the big news this morning breaking news from singapore deal done there it seems the leaders of the u.s. and north korea have signed off on what's billed as an historic document of understanding and they pledged to meet again many many more times now a closer look at the text of this document reveals that donald trump committed to provide security guarantees to north korea and kim jong il pledged to work towards needy nuclearization of the korean peninsula which is what they had to say at the

signing both we have developed a very special bond. make getting what threats to the united states. they will be met with fire and fury and have mad men out there shooting rockets all over the place you will have no choice but to totally destroy north korea. rocket and he is a sick puppy frightened donkey barks louder i will surely and definitely tame the mentally deranged us daughters with fire we're both very honored to sign the document thank you. today would have been historic meeting and decided to leave the past behind we're very proud of what took place today it worked out truckloads of us far better than anybody even predicted it's an honor to be with you.

carol. kind of the next big step in this is stark agreement that was signed off by the two leaders and document that was signed by the leader of the united states and the leader of north korea contains four points of agreement the first point is to establish relations between the usa and the democratic people's republic of korea the second point is to build a stable and lasting peace regime on the korean peninsula the third pouring is reaffirming the agreement between north and south korea for the denuclearization of the korean peninsula and the fourth point is to return the bodies of m.i.a. missing in action prisoners of war and other folks who died during the korean war

so those are the four points that were agreed upon we've heard you know some very very positive words we heard donald trump's praise kim jong un say that he's very talented say that he loves his country very much we heard a lot of optimism come from kim jong un we heard donald trump even say that he'd be willing to invite kim jong un to the white house people were certainly nervous not knowing what to expect in the lead up to today's singapore summit quite a change and all eyes are on singapore we're waiting for a press conference from donald trump to hear what he has to say about the meeting that went on everyone looks very positive a lot of smiling went on when the two world leaders met well those talks were announced but that it may came voiced his anger over those military drills between south korea and the u.s. and french a cold to go off nine days of to cancel the meeting full stop accusing kim of hostility but the very next day the white house some pyongyang said things about home track then june the first so washington officially announced the summit would

go ahead. let's bring in vic to go to the race for the china national association of international studies with a view from beijing either sir with us on the face of it let's look at it the chinese import here because chinese share a border with north korea and also politically be very close for decades europe's biggest ally if you like. on the face of it of course china is going to say they're very pleased that this is a step forward a step towards peace that's the official line from the chinese foreign ministry this morning is there a bit of a sense as well a bit of a worry that maybe china will be losing some control here over their neighbor no i don't think so i think what china wants is peace and stability on the korean peninsula and over the years china has insisted that the united states to sit down and talk as they did in singapore therefore i think china welcome to the development china has no worry about so-called a losing control over the. and the

bond between china and deep deep it is actually established of the blood relations especially of the chinese products appreciate the korean war defense of the p.r. k. and i think the chinese involvement in the summit meeting including sending its aircraft to send president kim from. pyongyang to singapore is clearly for the record and i don't think china has any selfish desire for the korean peninsula so who made the running here first first of all very briefly to make this meeting happen because it was so off first it was on then it was off again and you know there were showing off the words at each other just what four five months ago when it cuts to the chase who wanted this meeting most. well on this very important day let's be very positive about the fact that the

media actually took place and of course if we look at what happened over the past six months there was a roller coster development and there was capriciousness on the part of president donald trump he kept changing his mind is threatening. comparing the larger size of the problem he was talking about fire and fury threatening to destroy d p r k all these i think were very irrational however it's very fortunate that president obama tran calm down at least for today and managed to meet with president kim jong of d.p. r. k. and signed the declaration even though there was not much substance to the declaration and self where they will take a very long process for whatever they agreed in the declaration to be achieved all year and into reality victor we're expecting actually don't try to go before the cameras talk to the media any time so that there's going to go over to it because

maybe he will put some more meat on the bones here of what practically this is going to mean how these practical steps are going to be taken forward but they chatted for thirty eight hours behind the scenes that just an interpreter there no one else been great to be a fly on the wall for her but they said but i wonder what america did offer to north korea and we we think that america's offered paralleled security here it must have been something that north korea really has gone for here they must really believe what's being offered. well for today let me oversize again let is let us give hope some chance lead is very optimistic for what the whole future may hold however also please allow me to emphasize that the united states does not have a good and solid track record of keeping its promises look at what happened to iraq look at what happened to libya look at what happened to syria look at the fact that the united states and the president donald trump decided to walk out of the iran

nuclear deal all these are very alarming signs for d.p. r. k. and i would not be surprised if they have allies or the us changes of their position again and again and again very carefully and whatever they agreed to with president trump must have been built upon their deep analysis of what if the united states changes their position for whatever reason and what will be befalling of them if for example they completely give out or give up the nuclear weapons so i think there is a big mismatch between the united states and the p.r.c. as to what exactly the nuclearization means and how denuclearization can be achieved on the korean peninsula for many more meetings are promised as you say for now let's keep that positive vibe thanks for it from beijing vic to go director of the china national association of international studies thanks make the time to be

with us this morning. more on that as they will cross to tom from here speaks for the cameras that has anything of detail to say about it over the coming half hour next just two days to go now before the biggest extravaganza of football kicks off in russia the twenty eighteen feet for world cup most of the teams are at the host cities where those matches will be taking place and the fans were already out and about in force as well. on the sidelines of all this a lot of people get involved like these guys a team of russian artists have found their way to welcome the players creating these great mosaic portraits of football stars lionel messi.